Debt on Non-concessional terms to GDP in Ghana
Ghana: Debt on Non-concessional terms to GDP was 16.1% in 2011. ▲ Rising
Debt on Non-concessional terms to GDP in Ghana, 1970–2011
Source: World Bank, Global Development Finance. Measured in % of GDP.
Analysis
The most recent figure for debt on non-concessional terms to gdp in Ghana is 16.1%, measured in 2011.
The figure is down 1.7% on the previous year and down 59.3% over ten years.
Over the whole period, debt on non-concessional terms to gdp in Ghana peaked at 39.5% in 2001 and was at its lowest, 0.0%, in 1970.
Ghana ranks 17th of 50 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 42 years of available data.
Debt on Non-concessional terms to GDP in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 12.3% | +60411.8% |
| 1972 | 13.4% | +8.9% |
| 1973 | 12.5% | -7.0% |
| 1974 | 8.4% | -32.8% |
| 1975 | 8.3% | -1.6% |
| 1976 | 7.5% | -9.2% |
| 1977 | 16.0% | +113.8% |
| 1978 | 18.9% | +18.0% |
| 1979 | 15.8% | -16.7% |
| 1980 | 14.1% | -10.6% |
| 1981 | 17.7% | +25.5% |
| 1982 | 16.4% | -7.0% |
| 1983 | 20.7% | +26.2% |
| 1984 | 25.9% | +24.8% |
| 1985 | 29.5% | +13.9% |
| 1986 | 26.8% | -9.1% |
| 1987 | 33.3% | +24.0% |
| 1988 | 29.0% | -12.9% |
| 1989 | 29.8% | +3.0% |
| 1990 | 29.7% | -0.4% |
| 1991 | 29.5% | -0.7% |
| 1992 | 29.0% | -1.7% |
| 1993 | 31.8% | +9.8% |
| 1994 | 36.9% | +15.9% |
| 1995 | 31.3% | -15.2% |
| 1996 | 31.0% | -1.1% |
| 1997 | 28.4% | -8.1% |
| 1998 | 26.9% | -5.5% |
| 1999 | 25.5% | -5.1% |
| 2000 | 35.6% | +39.6% |
| 2001 | 39.5% | +10.9% |
| 2002 | 37.1% | -6.1% |
| 2003 | 29.8% | -19.6% |
| 2004 | 24.8% | -16.7% |
| 2005 | 17.9% | -27.9% |
| 2006 | 10.6% | -40.9% |
| 2007 | 12.6% | +18.9% |
| 2008 | 11.3% | -9.7% |
| 2009 | 15.6% | +37.7% |
| 2010 | 16.3% | +4.6% |
| 2011 | 16.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.3% | 0.0% | 18.9% | 10 |
| 1980s | 24.3% | 14.1% | 33.3% | 10 |
| 1990s | 30.0% | 25.5% | 36.9% | 10 |
| 2000s | 23.5% | 10.6% | 39.5% | 10 |
| 2010s | 16.2% | 16.1% | 16.3% | 2 |
Countries ranked near Ghana
- 14 Sierra Leone 17.4% compare
- 15 Zambia 16.3% compare
- 16 Angola 16.1% compare
- 18 Mauritania 15.4% compare
- 19 Central African Republic 14.7% compare
- 20 Gabon 13.9% compare
More external debt data for Ghana
- IFC, private nonguaranteed -35.10 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -1.02 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -281.78 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.1% (2024)
- Net financial flows, IDA 843.42 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 24.5 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0101 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD -2.25 million NFL, current US$ (2005)
- Public and publicly guaranteed debt service 2.9% (2024)
Frequently asked questions
- What is debt on non-concessional terms to gdp in Ghana?
- Debt on non-concessional terms to gdp in Ghana was 16.1% in 2011, according to World Bank, Global Development Finance.
- What is the highest debt on non-concessional terms to gdp recorded in Ghana?
- The highest recorded value was 39.5% in 2001.
- What is the lowest debt on non-concessional terms to gdp recorded in Ghana?
- The lowest recorded value was 0.0% in 1970.
- How does Ghana rank for debt on non-concessional terms to gdp?
- Ghana ranks 17th out of 50 countries with data for 2011.
- Is debt on non-concessional terms to gdp rising or falling in Ghana?
- Over the last ten years it is down 59.3%. The long-run trend across the full record is rising.
- Where does this Ghana data come from?
- The figures come from World Bank, Global Development Finance, published as part of Debt on Non-concessional terms to GDP (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Non-concessional LDOD conveys information about the borrower's receipt of aid from official lenders on non-concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. Long-term debt outstanding and disbursed (LDOD) is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.